Should we trade for your country or not ? Why? (advertise your country and list the advantages that could be beneficial for Canada) by Solmaz Afnaniesfandabad https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac Read the snapshot. Write the name of your group and the country as a title en-us 2016-09-15 13:37:36 UTC 2026-02-02 23:56:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Cornershop.png Group Orange - China https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282327172 Pros:
- Cheaper labour/manufacturing cost
- Decreasing tariffs on Canadian products
- China is an emerging market

Cons:
- Language and cultural barrier
- The two countries have different political views
- China is not reliable in terms of protecting intellectual property

Reflection:
Although Canada and China have different languages, business practices and political views, Canada should work to keep its positive trade relationship with China as it is mutually beneficial for both countries. China is able to supply many different products to Canada with a lower production cost and that allows the Canadian consumer to access goods at a lower cost, while also providing business to Chinese manufacturers. In addition, having a good trade relationship with China is essential in today's unstable economic climate as it lessens the effects of a trade war with the U.S. as NAFTA is being renegotiated. ]]> 2018-09-17 14:07:26 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282327172 Group Gray - Russia https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282327344 Pros:
- Many raw materials
- High demand of services
- High demand of equipment and machinery
- Shared interest in Arctic
- Large population
Cons:
- Strict business and travel regulations
- Large cultural differences
- Produces similar products (more like a competitor than a partner)
- Large time difference
- High political tension
Reflection:
Trade with Russia is only temporary and may not be profitable in the future. After the collapse of the USSR, Russia had needed services, and manufactured goods to be imported while they exported their raw materials. Now as Russia develops its own manufacturing facilities, they will begin to import less and less Canadian services. Russia's GDP per capita is growing faster than Canada's and Russia is more of a competitor now. They have the same raw resources as Canada and it's really hard to say if Russia will be a good trading partner in the near future especially with the political tension between the two nations. ]]> 2018-09-17 14:07:41 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282327344 Group Blue- Vietname https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282334473 2018-09-17 14:16:32 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282334473 Group Blue- https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282334539 Pros-
- large educated workforce
- has entrepreneurial business mentality 
- has been trying to become a market driven workforce. 
- has good connections with other countrys including USA
-  largest coffee export and rice exporter   
- Canadian $ is worth more

Cons-
- Government is corrupt and ineffective 
- risky to have large operations because of government  
- Still building up country- still needs better roads, banks, telephones, hotels, sewers, ect 
- not very advanced 

Should we trade with them? 
- No we would not become a trading partner with Vietnam. This is because the pros do not out way the cons. We would do a little bit of trading with them such as purchase coffee from them once in a while but we would not align our selves with them. Once they  ]]> 2018-09-17 14:16:36 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282334539 Yellow Group- Belgium https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282342621 pros:
- They have products that could be useful to Canadian companies (automobiles, computers etc.)
- They already have established trading partners (Germany, France, Netherlands, United Kingdom, and United States).
- Large diamond trading market (it’s the centre of the world’s diamond trade).  Also, they assist with developing the diamond industry in Canada.
- Both countries invest similar amounts in each other
- Belgium is Canada’s 7th largest export marker and is the third largest in the EU.
cons:
- The Canadian dollar is worth less than a Euro so it may be more beneficial to trade with places like Cuba where the dollar is lower.
- It can also be a con because the money invested could be used to help the Canadian economy or investing in Canadian companies/infrastructures

Reflection: 
After reading the article on Belgium, we've come to the conclusion that they would be a beneficial trading partner for Canada. Belgium has products that would be useful for the Canadian economy and businesses such as automobiles parts and computers. They also have established trading partners already with countries like Germany, France and the united kingdom. Both countries invest similar amounts in each other which can be seen as a positive and negative thing. Although, that money could be used in Canada it is beneficial to have an even playing field and mutual understanding by investing similar amounts of money in each other. Belgium also has a large diamond trading market as it is the centre of the world’s diamond trade and already assists in developing the diamond industry in Canada. There seems to be more pros that out-way the cons such as the Canadian dollar being worth less than a Euro. Overall we would say trading with Belgium would be a good choice. ]]> 2018-09-17 14:24:39 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282342621 Green Group: North and South Korea https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282342875 North Korea 
Pros 
  • Lots of desirable natural resources 
Cons 
  • Often invaded throughout history (Mongols, Chinese, Japanese) 
  • Have a communist Government - clashes with Canada’s democracy 
  • Caused conflict and war - Korean War in the 1950’s 
  • Tension between the two Korea’s has caused a lot of fights over the years 
  • Very low standard of living and often runs out of food causing widespread malnutrition  
  • Very low per capita income 
South Korea 
Pros 
  • Democratic government - more compatible with Canada’s government 
  • 11th largest trading nation in the world - trade is 150X more than that of North Korea 
  • 3.4 million cars produced in 2000
  • Canada’s third largest trading partner is Asia after China and Japan 

Cons 
  • Tension between the two Korea’s has caused a lot of fights over the years 

Reflection:
Canada and North Korea, have extreme differing political views , since  North Korea is communist country and Canada is a democratic country. As well North Korea is an unsafe country that has large focus on military expenses. North Korea is unstable and often gets into war with neighbouring or allied countries. However, they do have many desirable natural resources. Nonetheless, we feel that it would be dangerous, unsafe and a poor decision to trade with this country. Due to the fact that we should not support, communist country.

Canada and South Korea have a simliar politcal views as they are both a democratic government.South Korea also has a growing economy and lots of potential for trade therefore we believe having a trade agreement with South Korea would be mutually beneficial    
]]> 2018-09-17 14:24:58 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282342875 Yellow https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282343048 2018-09-17 14:25:07 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282343048 https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282348021 2018-09-17 14:30:48 UTC https://padlet.com/solmaz_afnaniesfanda/z39pl58uoqac/wish/282348021